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RE: The Next Bull Run May Be Happening Right Now, Here's Why
I think the break-out will happen with the introduction of SMT's. Before that we will get this senseless Technical-Analisis-Trading. If you look at my blog you can see that I have predicted them a few times quite accurately.
The SMT's should work perfectly... If there are glitches than this might be absolutely horrible... But if they work fine, I see this shooting up... perhaps into the 3-digit-range...
If Bitcoin goes to a 100,000 even more... Breakdown of the skewed financial-system? This would mean hyperinflation, lost of faith, than a lot more digits are possible for the whole cryptocurrency financial system. (This is no financial advice).
Well, see, that's my concern. Glitches. It's been a while sense they've talked about how these SMTs will be set up, but it sounded like someone at Steemit Inc would have to work with whoever wanted them in order to get them up and running because they were either too technical or otherwise complicated. It's been a while so I don't remember all the details, just the general feeling that SMTs need to be drop dead easy to set up.
Three digits. Hunh. That would be awesome. I would hope that just the promise of them and the updates that come out would be enough to move STEEM up, but that doesn't seem to happen. It's all so bound to the general crypto market, and that's bound to Bitcoin.
Do you think Bitcoin has a chance of going to 100,000? Soon?
Okay, so we're talking financial meltdown basically. That's supposedly been in the works for years if not decades. And yet, it's still going. The resiliency of the system continues to amaze in spite of everything they're doing to destroy it. I do believe it will happen. How could it not, without monkeying with it some much, something no one seems inclined to do.